Common use of CESSATION OF ADVANCES Clause in Contracts

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 56 contracts

Samples: Commercial Pledge Agreement (Laird Superfood, Inc.), Commercial Pledge Agreement (Laird Superfood, Inc.), Business Loan Agreement (Allied Esports Entertainment, Inc.)

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CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 44 contracts

Samples: Business Loan Agreement (Lodging Fund REIT III, Inc.), Business Loan Agreement (Autoscope Technologies Corp), Business Loan Agreement (Addvantage Technologies Group Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 38 contracts

Samples: Business Loan Agreement (LFTD Partners Inc.), Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (Better Choice Co Inc.)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 25 contracts

Samples: Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement (Heritage Global Inc.), Business Loan Agreement

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 19 contracts

Samples: Loan Agreement (Industrial Services of America Inc /Fl), Business Loan Agreement (New America Network Inc), Loan Agreement (Industrial Data Systems Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good faitx xxxxx xxxxx itself xxxelf insecure, even though no Event of Default shall have occurred.

Appears in 19 contracts

Samples: Business Loan Agreement (Pods Inc), Business Loan Agreement (Pods Inc), Business Loan Agreement (Pods Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 13 contracts

Samples: Loan Agreement (Amphastar Pharmaceuticals, Inc.), Business Loan Agreement (Blue Fish Clothing Inc), Business Loan Agreement (Mendocino Brewing Co Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx fxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 11 contracts

Samples: Business Loan Agreement (BioLife4D Corp), Business Loan Agreement (FGI Industries Ltd.), Business Loan Agreement (BioLife4D Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx fxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 8 contracts

Samples: Business Loan Agreement (Medalist Diversified REIT, Inc.), Business Loan Agreement (Collectors Universe Inc), Business Loan Agreement (Pro Dex Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B) Borrower or any Guarantor guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (D) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 6 contracts

Samples: Business Loan Agreement (Hickok Inc), Hickok Inc, Hickok Inc

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B) Borrower or any Guarantor guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (D) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantorguarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 5 contracts

Samples: Business Loan Agreement (Rocky Mountain Chocolate Factory Inc), Business Loan Agreement (Nocopi Technologies Inc/Md/), Business Loan Agreement (Primal Solutions Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurred.

Appears in 4 contracts

Samples: Business Loan Agreement (Sardy House LLC), Loan Agreement (MedAire, Inc.), Construction Loan Agreement (Sardy House LLC)

CESSATION OF ADVANCES. If Lender lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a A material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 3 contracts

Samples: Loan Agreement (Hemacare Corp /Ca/), Loan Agreement (Hemacare Corp /Ca/), Loan Agreement (Hemacare Corp /Ca/)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredhxxx xxxxxxxd.

Appears in 3 contracts

Samples: Business Loan Agreement (Pipex Pharmaceuticals, Inc.), Business Loan Agreement (Integrated Packaging Assembly Corp), Loan Agreement (Sutter Holding Co Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecureinsecurx, even though xxxx xxxxgh no Event of Default shall have occurred.

Appears in 3 contracts

Samples: Business Loan Agreement (American Consumers Inc), Business Loan Agreement (American Consumers Inc), Loan Agreement (I/Omagic Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have xxxxx xxxx occurred.

Appears in 3 contracts

Samples: Business Loan Agreement (Scotts Liquid Gold Inc), Business Loan Agreement (Scotts Liquid Gold Inc), Loan Agreement (International Remote Imaging Systems Inc /De/)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, limit modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecureInsecure, even though no Event of Default shall have occurred.

Appears in 3 contracts

Samples: Business Loan Agreement (Ivt Software Inc), Business Loan Agreement (Ivt Software Inc), Business Loan Agreement (Ivt Software Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred. ADDITIONAL DEFINITIONS.

Appears in 3 contracts

Samples: Business Loan Agreement (R B Rubber Products Inc), Business Loan Agreement (R B Rubber Products Inc), Loan Agreement (Pacific Aerospace & Electronics Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecureinsecuxx, even though xxxx xxough no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Dynasil Corp of America), Business Loan Agreement (Dynasil Corp of America)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: . (Aa) Borrower or any Guarantor is in default under the terms of this the Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (Dd) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any and all funds held by Lender or owed to Borrower for any reason.

Appears in 2 contracts

Samples: Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is guarantor Is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in In bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (Dd) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good faitx xxxxx xxxxx itself xxxelf insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Bobby Allison Wireless Corp), Business Loan Agreement (Bobby Allison Wireless Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good faxxx xxxxx xxxxx itself xtself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Dolphin Entertainment, Inc.), Loan Agreement (Hytek Microsystems Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; Loan or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Kahiki Foods Inc), Business Loan Agreement (Kahiki Foods Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecureinsecuxx, even though xxxx xxxugh no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (American Consumers Inc), Business Loan Agreement (American Consumers Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; , (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (TSS, Inc.), Business Loan Agreement (TSS, Inc.)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; , or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Ideal Accents Inc), Business Loan Agreement (Ideal Accents Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this the Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (Dd) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred. Borrower authorizes Lender, to the extent permitted by applicable law, to charge or setoff all sums owing on the indebtedness against any and all funds held by Lender or owed to Borrower for any reason.

Appears in 2 contracts

Samples: Business Loan Agreement (Autocorp Equities Inc), Business Loan Agreement (Autocorp Equities Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good faitx xxxxx xxxxx itself xxxelf insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Earthcare Co), Fafco Inc

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredhaxx xxxxxxxx.

Appears in 2 contracts

Samples: Business Loan Agreement (Portfolio Recovery Associates Inc), Security Agreement (Collegiate Pacific Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A1) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B2) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C3) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D4) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E5) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Jore Corp), Business Loan Agreement (Integrated Packaging Assembly Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B) Borrower or any Guarantor guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (D) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (E) Lender in good faxxx xxxxx xxxxx itself xtself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Rocky Mountain Chocolate Factory Inc), Business Loan Agreement (Rocky Mountain Chocolate Factory Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B) Borrower or any Guarantor guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or or, similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (D) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement, Business Loan Agreement (Rocky Mountain Chocolate Factory Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or of any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Loan Agreement (Bab Holdings Inc), Loan Agreement (Bab Holdings Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredshaxx xxxx xxxurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Storage Engine Inc), Suncrest Global Energy Corp

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredxxxx xxxxxxed.

Appears in 2 contracts

Samples: Change in Terms Agreement (Phone1globalwide Inc), Business Loan Agreement (Visionics Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy Bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (At&s Holdings Inc), Business Loan Agreement (At&s Holdings Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: (A1) Borrower or any Guarantor guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B2) Borrower or any Guarantor guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C3) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (D4) any Guarantor guarantor seeks, claims or otherwise other wise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; , or (E5) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Exigent International Inc), Loan Agreement (Exigent International Inc)

CESSATION OF ADVANCES. If Lender Xxxxxx has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material materially adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Rubios Restaurants Inc), Business Loan Agreement (Rubios Restaurants Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; , or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 2 contracts

Samples: Business Loan Agreement (Ideal Accents Inc), Business Loan Agreement (International Dispensing Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B) Borrower or any Guarantor guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (D) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantorguarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx fxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.,

Appears in 2 contracts

Samples: Business Loan Agreement (Rocky Mountain Chocolate Factory Inc), Business Loan Agreement (Rocky Mountain Chocolate Factory Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecureinsecurs, even though no Event event of Default shall have occurred.

Appears in 2 contracts

Samples: Loan Agreement (Web Press Corp), Loan Agreement (Web Press Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds Proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (SHC Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Loan Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Loan Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (ComSovereign Holding Corp.)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds ifproceed it: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good faitx xxxxx xxxxx itself xxxelf insecure, even though no Event of Default shall have occurred.. 09-13-1996 BUSINESS LOAN AGREEMENT PAGE 10 LOAN NO. (CONTINUED)

Appears in 1 contract

Samples: Business Loan Agreement (American Stone Industries Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, Borrower whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; , (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good faitx xxxxx xxxxx itself insecure, xxxelf insecure even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Rexall Sundown Inc

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (DID) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) El Lender in good xxxxx xxxxx faith deems itself insecure, even though xxxx xxxxxh no Event of Default shall have occurred.

Appears in 1 contract

Samples: Eldorado Artesian Springs Inc

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B) Borrower or any Guarantor guarantor dies, becomes incompetent incompetent, or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing security any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan Loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Cornerstone Realty Fund LLC)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with the Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecureinsecurx, even though xxxx xxough no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Husker Ag Processing LLC)

CESSATION OF ADVANCES. If Lender has made any commitment to of make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (Westerbeke Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds ifif : (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Amrep Corp.)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or . BUSINESS LOAN AGREEMENT (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.Continued)

Appears in 1 contract

Samples: Business Loan Agreement (Royal Bodycare Inc/Nv)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse ================================================================================ change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (Balance Bar Co)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; ({B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (DID) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx fxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Homeland Energy Solutions LLC)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances loan advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B) Borrower or any Guarantor guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition conditions of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (D) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Asv Inc /Mn/

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredxxxx xxxxxxed.

Appears in 1 contract

Samples: Loan Agreement (Reconditioned Systems Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: ; (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Eaco Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx fxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (OFS Capital Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances advances or to disburse Loan proceeds if: ; (A) Borrower or any Guarantor guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor guarantor has with Lender; (B) Borrower or any Guarantor guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral collateral securing any Loan; or (D) any Guarantor guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantorguarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx fxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Agassiz Energy, LLC)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan Loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Champion Industries Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though exxx xxxxxx no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Dynasil Corp of America)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or u under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred. CASH FLOW RATIO CALCULATION. NIAT + Interest Exp. + Depr divided by PPCMLTD + Int. Exp.

Appears in 1 contract

Samples: Loan Agreement (Daw Technologies Inc /Ut)

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CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, any Borrower whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) any Borrower or any Guarantor is in default under the terms of this Agreement or any of the other Related Documents or any other agreement that any Borrower or any Guarantor has with Lender; , (Bb) any Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; , (Cc) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Borrower or any Guarantor, or in the total value of any the Collateral securing any Loan; , (d) any Borrower or any Grantor seeks, claims or otherwise attempts to limit, modify or revoke any Security Interest granted to Lender, or (De) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (Search Financial Services Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, . whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: it., (A) Borrower or any Guarantor is in default BUSINESS LOAN AGREEMENT under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurredXxxxxx.

Appears in 1 contract

Samples: Business Loan Agreement (Rancon Realty Fund V)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; , or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Litronic Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default BUSINESS LOAN AGREEMENT under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.Lxxxxx

Appears in 1 contract

Samples: Business Loan Agreement (Century Casinos Inc /Co/)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Loan Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good faxxx xxxxx xxxxx itself xtself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Construction Loan Agreement (Shepherd's Finance, LLC)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (DID) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (AeroVironment Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A1) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B2) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C3) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D4) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E5) Lender in good faitx xxxxx xxxxx itself xxxelf insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Gerimed of America Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes become insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial conditionconditions, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan loan or any other loan with Lender; or (Ee) Lender in good xxxxx fxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Capitol Communities Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, condition in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan and Security Agreement (Labor Ready Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: , (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent Incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or or( otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (Microhelix Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A1) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B2) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C3) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D4) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E5) Lender in good xxxxx xxxxx faith deems itself insecureinsecurx, even though xxxx xxxxgh no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Chicago Pizza & Brewery Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or 5 6 any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Citizens First Corp

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.. BN 31956266v7 BUSINESS LOAN AGREEMENT

Appears in 1 contract

Samples: Business Loan Agreement (OFS Capital Corp)

CESSATION OF ADVANCES. If IF Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, proceedings or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Innsuites Hospitality Trust)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Covalent Partners LLC)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredxxxxxxxx.

Appears in 1 contract

Samples: Tower Tech Inc

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred. DISPOSITION OF CASH COLLATERAL ACCOUNT PROCEEDS. Account proceeds will be deposited to cash collateral account #__120004015_____: ________ all proceeds.

Appears in 1 contract

Samples: Loan Agreement (Web Press Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds ifit: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredhxxx xxxxxxxd.

Appears in 1 contract

Samples: Asa International LTD

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, Borrower whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files has a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx faith deems itself insecure, insecure even though no Event of Default shall have xxxxx xxxx occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Dental Care Alliance Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent Incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender tender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredhxxx xxxxxxxd.

Appears in 1 contract

Samples: Business Loan Agreement (Microhelix Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecurefaith deems itsxxx xxxxxxxe, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (Oakridge Holdings Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have occurredhxxx xxxxxxxd.

Appears in 1 contract

Samples: Dawson Production Services Inc

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Ab) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files fills a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good faitx xxxxx xxxxx itself xxxelf insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Aspec Technology Inc

CESSATION OF ADVANCES. If It Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files tiles a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (Orphan Medical Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to BorrowerBorrower , whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; Lender (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolventinsolvent , files a petition in bankruptcy or similar proceedings, or is adjudged a bankruptbankrupt ; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; Lender or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Torotel Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s Guarantor guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Revolving Credit Agreement (Leap Group Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecure, even though no Event of Default shall have Defaxxx xxxxx xave occurred.

Appears in 1 contract

Samples: Loan Agreement (Red Trail Energy, LLC)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.;

Appears in 1 contract

Samples: Business Loan Agreement (Auto Graphics Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; , (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D0) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Surge Components Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, agreement Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds ifIf: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor Guarantor. has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s In Borrowers financial condition, in In the financial condition of any Guarantor, or in In the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s Guarantor s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx faith deems itself insecureinsexxxx, even xxxx though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (I/Omagic Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, Borrower whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: if (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good faitx xxxxx xxxxx itself insecure, xxxelf insecure even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Coast Dental Services Inc

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material materiel adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Hycor Biomedical Inc /De/

CESSATION OF ADVANCES. If Lender lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender lender shall have no obligation to make Loan loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lenderlender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loanloan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Security Agreement (Elecsys Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, Borrower whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good faitx xxxxx xxxxx itself insecure, xxxelf insecure even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Terms Agreement (Viasat Inc)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (E) the Lender in good xxxxx xxxxx faith deems itself insecure, insecure even though no Event of Default shall have occurredshaxx xxxx xxxurred.

Appears in 1 contract

Samples: Business Loan Agreement (Ironclad Performance Wear Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: if (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (Isecuretrac Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or of any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantorguarantor, or in the value of any Collateral securing any Loan; or (Dd) any a Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guarantor's guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Loan Agreement (T&w Financial Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (Aa) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (Bb) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (Cc) there occurs a material adverse change in Borrower’s 's financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (Dd) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s 's guaranty of the Loan or any other loan with Lender; or (Ee) Lender in good xxxxx xxxxx itself insecure, even though no Event of Default shall have occurred. PRIMARY BANKING RELATIONSHIP. Borrower will maintain it's primary banking accounts with Lender in order to facilitate the operations of the company and it's credit arrangements with Lender.

Appears in 1 contract

Samples: Modification Agreement (Artest Corp)

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan or Loan Advance to Borrower, whether under this Agreement or under any other agreement, Lender shall have no obligation to make Loan Advances or to disburse Loan proceeds if: (A) Borrower or any Guarantor is in default under the terms of this Agreement or any of the Related Documents or any other agreement that Borrower or any Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes incompetent or becomes insolvent, files a petition in bankruptcy or similar proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse change in Borrower’s financial condition, in the financial condition of any Guarantor, or in the value of any Collateral securing any Loan; or (D) any Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such Guarantor’s guaranty of the Loan or any other loan with Lender; or (E) Lender in good xxxxx fxxxx xxxxx itself insecure, even though no Event of Default shall have occurred.

Appears in 1 contract

Samples: Business Loan Agreement (Arts Way Manufacturing Co Inc)

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